Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsDebt/equity is shown as not meaningful rather than as a negative leverage ratio.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Shareholders' equity was non-positive
Debt/equity is shown as not meaningful rather than as a negative leverage ratio.
Why this surfaced
Same-period reported shareholders' equity was zero or negative; review the balance sheet and capital structure. Period end 2026-03-31.
- 6 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue was broadly stable
Latest reported annual revenue changed +1.8% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2026-03-31.
- Operating margin improved
Operating margin changed +4.4 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2026-03-31.
- Free cash flow turned positive
Latest reported free cash flow was $11M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2026-03-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2026-03-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- United States$1.7B64.7%-1.8% yoy
- Outside the United States$859M32.6%+9.0% yoy
- Canada$70.1M2.7%+11.3% yoy
Members sum to the consolidated $2.63B for this period.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2026-03-31 · among 3,990 US-listed filers · 129 in Communication| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $2.6B | 71stof 3,301 top third | 71stof 124 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 1.8% | 35thof 3,137 middle third | 45thof 119 middle third |
Operating margin operating income ÷ revenue | 3.7% | 52ndof 2,819 middle third | 55thof 117 middle third |
Net margin net income ÷ revenue | -7.5% | 32ndof 3,263 bottom third | 37thof 122 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 0.4% | 36thof 2,679 middle third | 37thof 105 middle third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | 0.4× | 44thof 819 middle third | 56thof 40 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 3.0% | 44thof 2,895 middle third | 34thof 110 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 109 days | 9thof 2,398 bottom third | 3rdof 107 bottom third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 64.5× | 1stof 1,546 bottom third | 2ndof 63 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -3.7% | 45thof 1,333 middle third | 27thof 35 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -92.9% | 98thof 1,073 top third | 94thof 24 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2026-03-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 24 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | fiscal year 2023-03-31 | -$300K 10-K 2025-05-30 | -$2.01B 10-K/A 2025-07-29 | -669966.7% | first · latest |
| Net income NetIncomeLoss | fiscal year 2024-03-31 | -$93.5M 10-K 2025-05-30 | -$1.1B 10-K 2026-05-27 | -1079.6% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | fiscal year 2025-03-31 | -$129M 10-K 2025-05-30 | -$362M 10-K 2026-05-27 | -181.7% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2025-03-31 | $125M 10-K 2025-05-30 | -$18.1M 10-K 2026-05-27 | -114.5% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2024-03-31 | $140M 10-K 2025-05-30 | -$14.5M 10-K 2026-05-27 | -110.4% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2025-03-31 | -$1.05B 10-K 2025-05-30 | -$265M 10-K 2026-05-27 | +74.7% | first · latest · 5 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2025-03-31 | -$107M 10-K 2025-05-30 | -$166M 10-K 2026-05-27 | -55.4% | first · latest |
| Total assets Assets | balance at 2025-03-31 | $5.12B 10-K 2025-05-30 | $6.82B 10-K 2026-05-27 | +33.4% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2025-03-31 | $3.2B 10-K 2025-05-30 | $2.58B 10-K 2026-05-27 | -19.1% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2024-03-31 | $489M 10-K 2025-05-30 | $397M 10-K 2026-05-27 | -18.8% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2024-03-31 | $2.99B 10-K 2025-05-30 | $2.45B 10-K 2026-05-27 | -17.9% | first · latest |
| Long-term debt LongTermDebt | balance at 2025-03-31 | $1.67B 10-K 2025-05-30 | $1.97B 10-K 2026-05-27 | +17.9% | first · latest · 5 filings carry it |
| Total liabilities Liabilities | balance at 2025-03-31 | $6.04B 10-K 2025-05-30 | $7.08B 10-K 2026-05-27 | +17.3% | first · latest · 5 filings carry it |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2025-03-31 | $236M 10-K 2025-05-30 | $202M 10-K 2026-05-27 | -14.3% | first · latest · 5 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2025-03-31 | 284,600,000 shares 10-K 2025-05-30 | 248,900,000 shares 10-K 2026-05-27 | -12.5% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2025-03-31 | 284,600,000 shares 10-K 2025-05-30 | 248,900,000 shares 10-K 2026-05-27 | -12.5% | first · latest |
| Stock-based compensation ShareBasedCompensation | fiscal year 2024-03-31 | $62.5M 10-K 2025-05-30 | $70.2M 10-K 2026-05-27 | +12.3% | first · latest |
| Interest expense InterestExpense | fiscal year 2024-03-31 | $223M 10-K 2025-05-30 | $247M 10-K 2026-05-27 | +10.8% | first · latest |
| Interest expense InterestExpense | fiscal year 2025-03-31 | $243M 10-K 2025-05-30 | $262M 10-K 2026-05-27 | +7.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2024-03-31 | 253,400,000 shares 10-K 2025-05-30 | 243,600,000 shares 10-K 2026-05-27 | -3.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2024-03-31 | 253,400,000 shares 10-K 2025-05-30 | 243,600,000 shares 10-K 2026-05-27 | -3.9% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2025-03-31 | $206M 10-K 2025-05-30 | $213M 10-K 2026-05-27 | +3.3% | first · latest · 5 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2025-03-31 | $576M 10-K 2025-05-30 | $586M 10-K 2026-05-27 | +1.7% | first · latest · 5 filings carry it |
| Stock-based compensation ShareBasedCompensation | fiscal year 2025-03-31 | $57.9M 10-K 2025-05-30 | $57M 10-K 2026-05-27 | -1.6% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for LION yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.